Vivek Aggarwal appointed Financial Action Task Force vice-president

📌 Summary:

• FATF Plenary appointed Culture Ministry Secretary Vivek Aggarwal of India as incoming vice-president for the 2026–2027 term (July 2026–June 2027)
• The appointment came as members approved the priorities of the FATF under the incoming U.K. Presidency
• FATF is the global anti-money laundering (AML) and counter-terrorist financing (CFT) watchdog

🎯 UPSC Relevance: GS2 IR — India's rising role in global financial-governance bodies; strengthens India's AML/CFT diplomacy and its case against terror financing.

📝 Prelims Facts:

• FATF is an inter-governmental body set up in 1989 at the G7 Paris summit; headquartered in Paris
• India has been a full member since 2010
• VP term runs July 2026–June 2027; the U.K. holds the incoming FATF Presidency

🔑 Key Term: FATF — Financial Action Task Force; sets global standards (the 40 Recommendations) against money laundering and terror financing and maintains the 'grey list' and 'black list'.